GSG Advisors LLC Sells 406 Shares of Exxon Mobil Co. (NYSE:XOM)

GSG Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,735 shares of the oil and gas company’s stock after selling 406 shares during the quarter. GSG Advisors LLC’s holdings in Exxon Mobil were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XOM. Eagle Capital Management LLC raised its holdings in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares during the period. Alta Advisers Ltd raised its holdings in shares of Exxon Mobil by 12.6% in the 2nd quarter. Alta Advisers Ltd now owns 12,494 shares of the oil and gas company’s stock valued at $1,438,000 after purchasing an additional 1,394 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Exxon Mobil by 28.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 145,201 shares of the oil and gas company’s stock worth $16,716,000 after purchasing an additional 32,117 shares during the period. Finally, SilverOak Wealth Management LLC boosted its stake in shares of Exxon Mobil by 13.1% during the second quarter. SilverOak Wealth Management LLC now owns 2,712 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 314 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

Shares of XOM opened at $109.68 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s fifty day moving average price is $113.12 and its 200-day moving average price is $115.58. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm has a market capitalization of $482.05 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.